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    5765 Commercial St Salem, OR 97306

    Sponsored
    For Lease
    $28 SF/Yr

    High-visibility retail/office space available

    Lot size:
    9,290 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 9,290 square foot strip center, built in 2006, offers multiple tenancy options in Salem, Oregon. Currently, 3,765 square feet are vacant, divisible into units ranging from 1,320 to 2,445 contiguous square feet. The property sits on a 2.16-acre lot at 5765 Commercial St SE, 97306, boasting high visibility and traffic due to its location less than a mile from I-5 and a signalized intersection with dual entrances. An inline space of 1,320 square feet and a corner suite (approximately 800-1,000 square feet) are available and can be easily combined. The property's ideal location is further enhanced by its proximity to a mixed-use development slated for completion in 2023, which will include approximately 70 apartment units and 5,000-10,000 square feet of additional retail space. This prime location is suitable for a variety of businesses, including retail, banking, or fast food establishments. The property offers excellent accessibility and high traffic counts, making it an attractive opportunity for businesses seeking a prominent presence in a growing area.

    Property Features for 5765 Commercial St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,290 SF
    Total Rate
    21676.67

    Building Details

    Year Built
    2006

    Unit(s) available at that property

    Space
    T-Mobile
    Size
    1,320 SF
    Rate per SF
    $28
    Space
    DT South Commercial @ Wiltsey
    Size
    2,445 SF
    Rate per SF
    $36

    HighLights

    • 800‑2,320 square feet available.
    • Unique investment opportunity.
    • Excellent demographics and high traffic volume.
    • Located at the signalized intersection of Commercial Street and Wiltsey Road.
    • Strong tenant mix with established businesses.
    • Prominent signage on heavily trafficked Commercial Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    19th At Battle Creek ... American Restaurant Subway Sandwich Shop Spin City Laundromat Laundromat ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0234442
    Latitude
    44.8704296

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    FAQs

    What type of property is this?
    Neighborhood center - High-visibility retail/office space available
    Where is this neighborhood center located?
    The property is located at 5765 Commercial St Salem, OR.
    What is the lease rate?
    The lease rate is $28-$36 SF/Yr.
    What are key features of this property?
    This property features: 800-2,320 square feet available.; Unique investment opportunity.; Excellent demographics and high traffic volume.
    Request Owner's contact information
    5765 Commercial St Salem, OR 97306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5765 Commercial St Salem, OR 97306
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